In this manuscript, we examine the cosmological significance of the new agegraphic dark energy model by investigating different cosmological parameters such as the equation of state parameter, \(\omega _{D}-\omega ^{\prime }_{D}\) and the \(r-s\) planes in the framework of \(f(\mathcal {Q})\) theory. We consider flat Friedmann-Robertson-Walker universe model under interacting conditions between dark energy and dark matter. The equation of state parameter indicates a quintessence-like characteristic of the universe. The stability of the model is analyzed using the squared speed of sound parameter which demonstrates the unstable behavior of the new agegraphic dark energy model throughout the cosmic evolution. The freezing region is represented by the \(\omega _{D}-\omega ^{\prime }_{D}\) plane, while the Chaplygin gas model corresponds to the \(r-s\) plane. It is worthwhile to mention here that the interacting new agegraphic dark energy model addresses the cosmic coincidence problem by allowing the energy density ratio between dark energy and dark matter to evolve slowly over cosmic time.